CLS Stock Recent News
CLS LATEST HEADLINES
In the most recent trading session, Celestica (CLS) closed at $79.06, indicating a +0.32% shift from the previous trading day.
Celestica (CLS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Recently, Zacks.com users have been paying close attention to Celestica (CLS). This makes it worthwhile to examine what the stock has in store.
Celestica's revenue rose 21% year-over-year to $9.65B, fueled by CCS growth; FCF jumped 50% amid buybacks and low leverage, indicating strong fundamentals. HPS design capabilities expand margins, forging durable ties across AI, defense, and data centers, with multi-year production programs reinforcing stability. Risks include Thailand/China exposure, big-customer reliance, and AI capex cycles, yet Celestica's outlook remains bullish with ~30% upside potential.
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CCNE, NATL, CLS, THFF and HTB have been added to the Zacks Rank #1 (Strong Buy) List on March 19, 2025.
Celestica is my top AI Connectivity pick for 2025 due to booming AI business, strong management, and increased hyperscaler capex towards its cloud communication products. Celestica's CCS segment saw massive demand in 2024 with increasing market share, leading to upgraded 2025 revenue targets of $10.7 billion, driven by its Ethernet-based switches. Despite thin margins, Celestica's pivot to design and solution partnerships is enhancing margins and positioning the company for long-term rewards.
Recently, Zacks.com users have been paying close attention to Celestica (CLS). This makes it worthwhile to examine what the stock has in store.
Celestica reported Q4-CY24 revenue of $2.55B (+19% YoY), with CCS segment revenue surging 30% YoY to $1.74B. Full-year CY25 revenue is projected at $10.7B (+11% YoY), with adjusted EPS expected to hit $4.75 (+22% YoY). HPS within CCS grew 65% YoY, driven by AI-driven data center and networking demand.
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